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by Sohcahtoa82 432 days ago
> The basic premise is “what was done for $X dollars with no profit motive can be done for <$X dollars with profit motive" doesn’t hold up - you make something private, it wants to make more profit.

The government often acts like it has infinite money. Sure, they'll make a lot of noise about the national debt, but it's all just about getting votes.

I expect privatization to be a way for a politician to stuff their pockets. They'll either buy their stock before the large government contract is announced, or the corporation will kick some money back in the form of campaign contributions, or find some way to just give cash directly.

Nobody ever gets charged with insider trading because everyone that would be involved in that is in on it as well.

Or maybe I'm just cynical.